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Gold hits three-week low; Fed rate hike outlook weighs

22 September 2017

That term ends February 3, 2018.

At her news conference, Yellen declined to say whether she would like to serve a second term.

One of the best-performing stocks on the Tokyo market was Nintendo, which jumped more than 7% on strong sales prospects for its Switch games console.

The main event, however, will be the Fed's meeting today and tomorrow, at which it is likely to take another step toward policy normalization in what is rapidly becoming a worldwide trend.

Hurricanes Harvey, Irma and Maria, the Fed noted, could have an effect on the economy, particularly inflation, in the short-term.

Fed officials are expected to announce more details regarding their balance-sheet plans on September 20.

Year-on-year, New Zealand's economy grew in the last quarter, as expected. Investors also are looking for indications of when and how central bankers will start selling off bonds bought to shore up economic growth after the 2008 crisis.

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But they lost three wickets within the next five overs, including that of Kohli for 92, and were forced to temper their ambitions. India vs Australia 2017 2nd ODI Live streaming: Virat Kohli would be hoping for an improved performance from his top order.

Earlier Thursday, the Bank of Japan also left its, in line with market expectations.

WALL STREET: The S&P 500 index rose 3.64 points, or 0.1 percent, to 2,503.87. Spot gold may break support at $1,299 per ounce and fall more towards the next support level at $1,281, said Reuters technicals analyst Wang Tao.

Looking to other central banks, Interactive Investor head of equity strategy Lee Wild says the ECB has been careful to keep at least one step behind USA policymakers for fear of over-inflating the euro.

Focus was on the United States, as the Federal Reserve announced it would begin winding down its mammoth $4.5trn balance sheet from next month, while leaving interest rates on hold as expected.

They also have lowered their long-run forecast for the benchmark interest rate the Fed controls to 2.8 percent, down from 3 percent in a previous forecast in June. Forecasters expect the Fed to leave rates unchanged and stick to plans to raise rates in December.

USA central bank leaders are expected to hold the key interest rate steady this week, but they may begin trimming a huge bond-buying program that was meant to boost economic growth.

In July 2017, Federal Reserve maintained the target range for the federal funds rate at 1-1.25%.

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The Giants played the game without two key defensive starters. "So, it was a different approach defensively". Marshall was targeted four times and he caught one pass for 10 yards. "Yes, absolutely", McAdoo said.

Yields on the 10-year U.S. Treasury note rose to their highest levels since August 8 on the news.

The Fed announced Wednesday that it will let a small portion of its $4.5 trillion balance sheet mature without being replaced, starting in October with reductions of $10 billion a month and gradually rising over the next year to $50 billion a month.

In other currencies, the euro continued to track lower against the dollar after falling steeply on the Fed's Wednesday announcement. Hyundai Motors, on the other hand, gained 1.43%.

"The BOJ will patiently continue accommodative monetary policy to achieve 2 percent inflation".

Markets anticipated the balance sheet unwinding and have been quiet so far on Wednesday.

Wholesale gasoline was little changed at $1.66 a gallon.

Overnight, US stocks ended mixed after the Fed signalled a December rate increase is back on the table.

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Gold hits three-week low; Fed rate hike outlook weighs